Come farm the future of AI and Intents with me. Aperture Finance’s INTENTional Campaign is airdropping 7% of total $APTR supply!
Join me, farm points, earn $APTR. @ApertureFinance#AI#Intents
https://t.co/EmJnBs2DmR
The team remains focused on the two primary tasks at hand:
- Baskets product development
- Restoring CR to 100%
Initial Baskets dev is on track to be completed and handed over to audit by the end of October. An audit has already been scoped and approved. We’ll share audit and mitigation timing once the final commit hash has been sent to the auditors.
Conversations and actions continue to progress in a positive manner as we work through the process of restoring CR to 100%. We’ll share more details as they’re available, but we remain confident in our ability to return $1 value back to USDR holders.
EIP-4844 (Proto-Danksharding) is coming to Ethereum⚙️
Rollup-fees are predicted to decrease by ~ 20x!
Here's everything you need to know, explained simply👇
What is @FraxFinance ❓
📋 $FRAX is a Fractional-Algorithmic Stablecoin, the first of its kind to release such a structure of #stablecoin.
#FRAX has maintained its peg throughout its inception and has proven itself during various market crashes
/1
Day in the Life of a Hedge Fund Analyst
Few live to tell the tale.
"Was it like Billions?"
"Describe ur investment process?"
"What did u learn?"
I get these questions all the time, but for a while I was afraid of answering publicly. No more!
Hedge fund story time.
👇
🧵/
A few days before the depeg, Mirror Protocol (a decentralized stock exchange on Terra created by TFL) migrated short farm liquidity into a new contract. Coincidentally, this contract had a bug. Millions in user funds were locked while UST plummeted. Order of events below. (1/6)
@ApertureFinance (a delta-neutral Mirror strategy requiring short farms for all users) had a TVL of over $100m before the 'bug'. All user funds were locked for days, and many could only withdraw once UST was under $0.20. This wasn't really their fault - highly unfortunate.
Now that it's been about a week since the full collapse of $LUNA and $UST. Here are my thoughts on how everything stands...https://t.co/k7KpHb17WQ #LUNA $UST
1/
"𝘈 𝘛𝘰𝘵𝘢𝘭 𝘌𝘤𝘭𝘪𝘱𝘴𝘦 𝘰𝘧 𝘛𝘩𝘦 Luna" 🌖
What game was Terra trying to play?
Where did the deadly asset-liability mismatch really come from? (Hint: Not Anchor)
Was $LUNA simply destined to fail?
Mega-🧵..
Any Terra Luna projects out there looking for a new chain, please PM us.
Fantom’s uptime is 100%, fast, low-cost, and reliable, with a great community.
Can assist with a grant program, integration, marketing, and connections.
#terra#Terra_Luna#Luna
#TriCrypto on Beefy is basically The Avengers, but for crypto, with a better plot and box office returns.
Anyway, newly upgraded #TriCypto vaults are on Beefy for you to marvel at.
$BTC $ETH $USDT #CURVE 🦸♂️
1/5. Some interesting updates, full transparency and lead to protect users:
As it turns out, most UST pairs were 0 fee to begin with. (I didn't know that, our team had to tell me.) So, not much UST there.
We do have...
1/ The $66M TVL on @ApertureFinance weighs heavily on our hearts, we had many sleepless nights. We feel the pain and frustration of users who tried to withdraw but got stuck. Since the Mirror lock contract issue occurred, we've been looking for ways to unlock the funds for users.
Some interesting data on $UST and Terra's Anchor Protocol:
- There are 256K Anchor wallets
- The top 1000 Anchor wallets own 82% of all UST
- The poorest wallet in this top 1000 has 955K UST
This is great news for $UST / Anchor depositors.
Why? Let me explain..
1/